Financial Management
Elements of good trading
The elements of good trading are: (1) cutting losses (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance.
The True Purpose: Start a Company to Change the World
There are lots of bad reasons to start a company. But there’s only one good, legitimate reason, and I think you know what it is: It’s to change the world.
Right Strategy to Outperform
Many investors make the mistake of buying high and selling low while the exact opposite is the right strategy to outperform over the long term
Emotional discipline Key Success
The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliché, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.
Risk-Reward Ratio
You never know what kind of setup market will present to you, your objective should be to find an opportunity where risk-reward ratio is best.
Embrace the Unknown: Your Greatest Asset for Innovation
Embrace what you don’t know, especially in the beginning, because what you don’t know can become your greatest asset. It ensures that you will absolutely be doing things different from everybody else.
Investment Psychology
I think investment psychology is by far the more important element, followed by risk control, with the least important consideration being the question of where you buy and sell.
My Strategy is Dynamic and Ever-Evolving
I have been trading for decades and I am still standing. I have seen a lot of traders come and go. They have a system or a program that works in some specific environments and fails in others. In contrast, my strategy is dynamic and ever-evolving. I constantly learn and change.
Always Dreamed And Never Give Up
When I get hurt in the market, I get the hell out. It doesn’t matter at all where the market is trading. I just get out, because I believe that once you’re hurt in the market, your decisions are going to be far less objective than they are when you’re doing well… If you stick…
Cultivating Fearlessness
Fearlessness is like a muscle. I know from my own life that the more I exercise it, the more natural it becomes to not let my fears run me.